Tango Lease

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Page 0 of 1 1 TANGO LEASE Address both the day-to-day operational requirements of lease administration and accounting and ensure compliance. Unlike traditional IWMS or point solutions, Tango streamlines the process of data entry, dramatically improves ease-of-use and reduces implementation time and cost by delivering out- of-the-box best practice functionality on day one. MY ACTIONS User-focused dashboard. Streamlined, intuitive home page: · Centralized notifications of all timely lease decisions support the active management of hundreds or thousands of leases. · Role-based user interface utilizing badge icons provide actionable insights into all lease-related items. · Receive immediate alerts to items that require attention. Prioritize lease administration and accounting tasks and approvals. Ensure time-sensitive lease decisions are proactively managed and work is streamlined: · Review and approve invoices, recurrent payments and tasks based on client-configurable systematic workflows without routing to the lease record. · Directly access the lease details page of each lease requiring approval for a more comprehensive view. · Rest assured that workflow histories are updated automatically. CRITICAL DATES & STATUS CHANGES Track key dates and clauses, options, and contracts. Avoid data overload and ensure lease compliance through proactive tracking of financial obligations, key dates and clauses, options, contacts and all other critical lease information: · Monitor expirations, renewals, and other KPIs through automated alerts on the My Actions dashboard, ensuring you never miss upcoming key dates. · Proactively manage each change event including terminations, extensions and asset retirement. · Track and manage real estate contract obligations: real estate lease agreements, owned property agreements, space use agreements, and service level agreements. LEASE ITEMS Streamline abstraction and manage key lease items from an easy-to-use interface. Capture all required lease data, including key terms and dates, to ensure compliance with all lease terms and lease accounting regulations: · Automatically capture basic lease details and handle default calculations, including pro rata share. · Support everything f rom a basic abstraction of key dates and dollars to a more detailed and thorough abstraction. · Set up rent and other periodic expenses with full flexibility regarding payment f requency, multi-currency support, and automated sales and value-added tax calculations. Centralized view of all lease details. Built-in capabilities for a user to generate a detailed, formatted lease abstract PDF with a single click: · Automatically create a lease abstract (including options, recurring schedules, etc.) for further review, tuning, and processing through an automated quality assurance audit and approval workflow. · Structure raw lease clause data using a consistent question-and-answer protocol to transform unstructured clause language into strategic lease portfolio information and analytics. · Extensive configurability: all field labels and drop-down values are client-definable. LEASE MODIFICATIONS Ensure regulatory compliance by recording the who, what and when. Built f rom the ground up to comply with the new IFRS and FASB lease accounting standards and manage all lease types, including real estate, equipment and embedded leases: · Approval workflows provide quality assurance checks on abstracts and tiered financial approvals based on client- specific governance and business rules. · Keep a record of all changes and historical notes f rom lease inception to termination, including historic value, updated value, and user, date and the time the change was made. · Amend an approved lease, document the reason and record the historical versus amended state based on amendment type. EQUIPMENT LEASES Actively track and manage all equipment leases across the enterprise. Centralize management of all equipment leases to mitigate risk, avoid missing critical dates and support compliance to regulatory standards: · Visibility into lease term, options and expenses will ensure you never miss a key date or status change. · Consolidate all equipment leases in a central repository for easy reporting and FASB/IFRS compliance. · Built-in FASB (840 & 842) testing to determine if the lease is Capital (Finance) or Operating.

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